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United Internet Confirms Ionos Group’s 2023 IPO

By Giulia Petroni

 

United Internet AG confirmed on Monday that it will hold an initial public offering for its cloud and web hosting provider Ionos Group in 2023.

“After strong growth in recent years, an initial public offering is the next logical step,” the Germany-based internet services company said, adding that it will now hire an international syndicate of banks to make the offering.

However, the initial public offering still depends on a number of factors, including market conditions and review and approval by corporate bodies and authorities, United Internet said.

 

Write to Giulia Petroni at giulia.petroni@wsj.com